Facebook Spent $24 Million On Acqui-hires, $633 Million On Patents During The First Half Of 2012


Facebook has become known for making a good number of talent-focused startup acquisitions, aka acqui-hires — but the cost of each deal is normally kept under wraps. In a regulatory quarterly filing the company made today with the Securities and Exchange Commission, though, it put an aggregate pricetag on all those “non-material” sized deals it made in the first half of this year: $24 million.

Here’s the wording from the document:

“During the six months ended June 30, 2012, we completed business acquisitions for total consideration of $24 million. These acquisitions were not material to our condensed consolidated financial statements individually or in the aggregate.”

From January through the end of June, Facebook made six acquisitions, two of which — Instagram and Face.com — were of material size. That leaves Tagtile, Glancee, Lightbox, and Karma as the buys on which Facebook spent $24 million total.


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